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Pastimes : Tidbits
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To: AmericanVoter who wrote (508)6/28/2000 2:07:00 PM
From: Guardian   of 1115
 
another take: a 25 basis point increase now is politically better than a 25/50 in august going into the election. and more than one talking head has stated that a 50 folloowed up with a 25 would signal the markets that the fed is done for the year. and no-one wants another month of will they act/won't they act. all round, it makes sense to raise now, although the fear of premature action triggering a recession could prevail. we'll find out in 10 minutes.
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